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EuropeFX now supporting PayPal deposits

EuropeFX has made funding trading accounts easier than ever with the new support from PayPal. Traders are continuously demanding more of their brokerages in 2020 than ever before. For its part, EuropeFX has listened to its clients and is now supporting PayPal as a new means of deposit for all trading accounts.
Sep 22, 2020 Read more

Fed's Powell: The US economy has proved resilient

Not much to takeaway in the Q&A: I'm listening to the testimony but there's nothing notable so far.
Sep 22, 2020 Read more

European shares end the session with mixed results

German Dax up 0.4%. France's CAC unchanged In the European debt market, the benchmark 10 year yields are ending the session mixed as well. Germany, France, and UK yields are higher, while Spain, Italy, and Portugal yields are lower.
Sep 22, 2020 Read more

AUDUSD moves to the lowest level since August 25

New lows for the month today The AUDUSD fell below the lows from September from the 9th (at 0.71917) and yesterday (at 0.71985).  The low price reached  0.71639 so far today.  Stay below those levels on the daily chart keeps the sellers in control.  
Sep 22, 2020 Read more

UK reports 4926 new COVID cases vs 4368 yesterday

That's the highest since May 1 Nearly 5000 new cases today aren't shown on this chart but you can see the path of cases and it's not moving in the right direction. New restrictions are coming and that's one of the reasons that cable just hit a new session low.
Sep 22, 2020 Read more

EU leaders summit postponed after president quarantined

Summit postponed There's talk that EU President Charles Michel has contracted COVID-19. The summit was set for later this week.
Sep 22, 2020 Read more

GBPUSD retest 100 and 200 day moving average

Key level for buyers and sellers The GBPUSD is retesting its 100 and 200 day moving averages at 1.2720 area. The 2 moving averages in your converged near that level.  The earlier break below today reached 1.2711 before balancing higher. BOE's Bailey look to walk back the idea of negative rates and the price bounce back hard (to the tune of about 154
Sep 22, 2020 Read more

USDJPY moves to the highest level since September 17

Extends about 38.2% retracement of the last trend move lower The USDJPY has been able to extend above its 100 hour moving average at 104.637 AND now the  at 104.905 and the high from yesterday at 104.89 (the price also moved above the topside channel trendline).  
Sep 22, 2020 Read more

Sterling struggles to make headway even after Bailey rules out near-term negative rates

Cable trades at 1.2750 The UK is at the confluence of trends in the virus and central banking. Looming new restrictions have added to the Brexit angst around the currency and talk of negative rates have weighed. Bank of England Governor Andrew Bailey tried to walk back negative rate talk today.
Sep 22, 2020 Read more

USDCHF moves to a near 2-week high

Trades to the highest level since September 9.   The next target would be at the September 9 highs at 0.91896. On September 8, the high for the month came in at 0.91998.  That was just above the August 12 high price of 0.91972. A move above the 0.9200 level would be needed to solicit more buying (see daily chart below).
Sep 22, 2020 Read more

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